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Need help as soon as possible please Part II.-Problem -Process Costing -20 Points Horngren Woolens is a manufacturer of wool cloth. The information for June
Need help as soon as possible please
Part II.-Problem -Process Costing -20 Points Horngren Woolens is a manufacturer of wool cloth. The information for June is as follows: inning work in process nits started 10,000 uni 20,000 uni 25,000 units its completed eginning work-in-process direct aterials eginning work-in-process conversion ireet materials added during month irect manufacturing labor during onth $77 $50,200 Factory overhead Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. Required: Prepare a production cost worksheet using the weighted-average method. Answer: Production Cost Worksheet Weighted-Average Method Flow of production Physical Units Direct Materials Conversion 10,000 004 Work in process, beginning Started during period To account for Units transferred out 25 Work in process, ending Accounted for 30,000 Costs Work in process, beginning Totals Direct Materials Conversion Costs added during period Total costs to account for Divided by equivalent units Equivalent-unit costs Assignment of costs CTY P AMOUnE ransferred out Vork in process, ending Direct materials Conversion Costs accounted for Part III.-Problems and Multiple Choice 25 The following applies to question # 1. 1) The Conity Corporation has an Electric Mixer Division and an Electric Limp Division. Of a $16,000,000 bond issuance, the Electric Mixer Division used $6,400,000 and the Electric Lamp Division used $9,600,000 for expansion. Interest costs on the bond totaled $1,000,000 for the year. What amount of interest costs should be allocated to the Electric Lamp Division? (Round any intermediary ealeulations two decimal places and your final answer to the nearest dollar.) $400,000 B) S600,000 ) S625,000 D) S6,400,000 Answer the following question using the information below: 2) Flash City Inc. manufactures small flash drives and is considering raising the price by 75 cents a unit for the coming year. With a 75-cent price increase, demand is expected to fall Step by Step Solution
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